Brief by Shorts91 Newsdesk / 05:09pm on 04 Dec 2024,Wednesday India Global
Nepal has officially joined China’s Belt and Road Initiative (BRI), finalizing a framework agreement during Prime Minister KP Sharma Oli’s visit to Beijing. This marks a significant step seven years after Nepal’s initial in-principle agreement in 2017. The deal includes project planning, coordination, and financing details. While Beijing hails the pact as a milestone, it raises concerns in New Delhi over potential security threats and China’s "debt diplomacy." India previously restricted its airspace to a Chinese-funded airport in Pokhra, citing security risks. Critics within Nepal also express fears of mounting debt from Chinese loans, intensifying political debates over the agreement.
